Launch of Monochrome Ethereum ETF on Cboe Australia

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Launch of Ethereum ETF
  2. Monochrome Bitcoin ETF: IBTC
  3. Conclusion


    4. Monochrome, an Australian asset management firm, has applied for listing the Monochrome Ethereum ETF (IETH) on Cboe Australia. The ETF will provide Australian investors with exposure to Ethereum.

    Launch of Ethereum ETF

    Monochrome, in collaboration with Vasco Trustees Limited, has officially applied to list the Monochrome Ethereum ETF (IETH) on Cboe Australia. The new fund will offer Australian investors exposure to Ethereum, further strengthening Monochrome's presence in the Australian digital asset market. The IETH is expected to be available by late September 2024 and will be traded through major brokerage platforms. Unlike unregulated crypto investment methods, the IETH fund will be a fully regulated product designed to passively hold Ethereum, allowing both cash and in-kind transactions.

    Monochrome Bitcoin ETF: IBTC

    The application for the Ethereum ETF listing follows the launch of the Monochrome Bitcoin ETF earlier this year in June. Monochrome applied for listing with Cboe Australia, a global exchange platform. The IBTC is the first Australian Bitcoin ETF licensed under the Australian Financial Services License (AFSL) for retail crypto-assets. According to the monthly redemption and issuance notice, as of August 31, aside from the $1 million unlisted units, the total net asset value of the fund is $11,008,032.

    Conclusion

    The launch of Monochrome's new Ethereum ETF underscores the company's efforts to expand its digital asset offerings and provide investors with a broader range of regulated investment tools.

    The launch of Monochrome's new Ethereum ETF underscores the company's efforts to expand its digital asset offerings and provide investors with a broader range of regulated investment tools.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

MEXC Introduces Opportunity Compass for Enhanced Market Understanding

chest

MEXC has launched Opportunity Compass, an educational initiative aimed at helping users understand both crypto and traditional financial markets.

user avatarMohamed Farouk

MEXC Introduces Opportunity Compass for Crypto Education

chest

MEXC has launched Opportunity Compass, an initiative aimed at educating cryptonative users about global markets and financial opportunities.

user avatarElias Mukuru

Zoomex Highlights Market Volatility Amid Economic Shifts

chest

Zoomex highlights its platform's capabilities during a week of sharp market volatility driven by economic data, enabling traders to respond in real-time.

user avatarDiego Alvarez

Tesla Faces Regulatory Scrutiny, Stock Drops

chest

Tesla's shares fell 6% following a new investigation into its autonomous vehicle technology by the National Highway Traffic Safety Administration, highlighting the impact of regulatory scrutiny on the stock market.

user avatarMaria Fernandez

Unexpected Developments in the US Labor Market with Employment Expansion.

chest

The US economy added 162,000 jobs in August, significantly exceeding forecasts, leading to a rapid repricing of Federal Reserve expectations regarding interest rates.

user avatarKenji Takahashi

TON Foundation Achieves 100 Million Monthly Active Users for Telegram Miniapps

chest

The TON Foundation announces that Telegram Web3 miniapps have surpassed 100 million monthly active users, highlighting a significant milestone in crypto distribution.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.